CDC Group
IFC considers investment in Indian SME-focused fund
International Finance Corp. (IFC), the World Bank’s investment arm, may invest up to $20 million in Pragati India Fund, a vehicle targeting small- and medium-sized enterprises (SMEs) in India’s low income states. The fund is aiming to raise $75-100...
Actis moves closer to full management buyout
The UK government is moving closer to the sale of its remaining stake Actis, with the private equity firm’s management team the most likely buyers after a 12-month search failed to deliver any rival bidders. However, deep divisions remain over the price...
In defense of PIPEs
India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the second day of the AVCJ Investment Summit on Thursday.
CDC invests $50 million in Pragati India Fund
CDC Group, the UK development finance institution, has committed $50 million to Narayanan Shadagopan's Pragati India Fund.
CDC focuses on direct investments, debt in India
CDC Group, the UK development finance institution, is changing its strategy in India to focus on direct investments, co-investments and debt, as well as making commitments to private equity fund managers. It will also make investments in early-stage funds.
Aureos targets $200m fund for India, Sri Lanka, Bangladesh
Aureos Capital is targeting a year-end close for a $200 million fund that will invest in India, Sri Lanka and Bangladesh. Balaji Srinivas, managing partner at Aureos India Advisers, told Bloomberg that the Aureos India Fund II would deploy around 15%...
CDC to target Asia, Africa investments exclusively
CDC, a development finance institution that makes private equity investments in emerging markets on the behalf of the UK government, will focus exclusively on South Asia and sub-Saharan Africa, following a year-long review of its activities. These areas...
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
CDC to invest $30 million in India's Multiples
UK government-owned CDC Group, which supports economic development across India, has committed $30 million to Multiples Private Equity Fund I, the vehicle focused on investments across the country’s business sectors launched by former ICICI Venture...
Anubha Shrivastava of CDC
Anubha Shrivastava, Managing Director, Asia of the UK-based development investment firm CDC, talks to AVCJ about the opportunities investors have in India as the PE market expands into non-traditional sectors, and why the number of funds in the country...